Leaders of our friendly nations, honored guests and compatriots from Taiwan and abroad.

This is a glorious moment; it is also a moment of dignity and hope.

I thank our distinguished guests, who have come here from afar, as well as those friends from around the world who love democracy and care about Taiwan, for sharing this glorious moment with us.

We are here today, not just to celebrate an inauguration, but to witness the flowering of hard-won democratic values and the dawn of a new era.

On the eve of the 21st century, the people of Taiwan have completed a historic alternation of political parties in power. This is not only the first of its kind in the history of the Republic of China, but also an epochal landmark for Chinese communities around the world. Taiwan has not only set a new model for the Asian experience of democracy, but has also added an inspiring example to the third wave of democracy the world over.

The election for the 10th-term President of the Republic of China has clearly shown the world that the fruits of freedom and democracy are not easy to come by. Twenty-three million people, through the power of determined will, have dispelled enmity with love, overcome intimidation with hope, and conquered fear with faith.

With our sacred votes, we have proved to the world that freedom and democracy are indisputable universal values, and that peace is humanity's highest goal.

The outcome of Taiwan's Year 2000 presidential election is not the victory of an individual or a political party. It is a victory of the people, a victory for democracy, because we have, while at the focus of global attention, transcended fear, threats and oppression and bravely risen to our feet together.

Taiwan stands up, demonstrating a firm insistence on reason and a sturdy faith in democracy.

Taiwan stands up, representing the self-confidence of the people and the dignity of the country.

Taiwan stands up, symbolizing the quest for hope and the realization of dreams.